VANCOUVER, BC–(Marketwired – June 13, 2016) – Mission Ready Services Inc. (TSX VENTURE: MRS) (“Mission Ready” or the “Company”) is pleased to announce a licensing agreement (the “Agreement”) with Miguel Caballero S.A.S. (“MCS”) to incorporate the patented No-Contact Electro Muscular Disruption (“EMD”) technology into a new line of motorcyclist jacket for the Latin-American market. Upon completion, the Agreement will provide licensing of the No-Contact technology to MCS for all of contiguous and non-continental Latin America from Mexico to Argentina — excluding Brazil — and will include the provision of product expertise and integration support by the Company.
The Company’s product research and development division — PTF Innovations — and its team of industry veterans in wearable technologies have begun working with MCS’ product development team to ensure an expedient, seamless integration of the No-Contact EMD technology into their innovative product line.
PTF Innovations Chief Technical Officer, Francisco J. Martinez, highlights that, “After years of experience working in the Latin American market, we found a trusted strategic partner in MCS. With years in the personal protection marketplace, MCS has established manufacturing facilities in Colombia and a sales network throughout Latin-America. MCS’ CEO, Miguel Caballero, is one of the brightest minds and most successful innovators in our industry.”
The number of motorcyclists is estimated to be 5 million in Colombia alone with that figure likely to triple within the next 5 years according to MCS’ sales team. The number of registered motorcyclists in Latin-America is estimated at 30 million.
The new line of MCS products incorporating Mission Ready’s No-Contact technology will be promoted through key Latin media networks and will be showcased in upcoming industry tradeshows including Shot Show 2017 in Las Vegas, Nevada.
MCS attends and demonstrates their product lines at a wide range of industry-related tradeshows and conventions annually including Expo Seguridad Mexico, Expo Defensa, Colombia, MotoGo Bogotá, Fidae Chile, Altraval Panamá, among others.
About Miguel Caballero
Miguel Caballero S.A.S. creates specialized personal protective solutions through innovative clothing and products which preserve the life of our users, meet the highest standards of quality and have undergone rigorous testing in order to ensure optimal performance. The obtainment of international certifications endorse each of MCS’ processes. MCS designs unique products that respond to the needs and lifestyle of its customers.
The company is dedicated to preserve the life of the users according to the needs and lifestyles of each user, creating unique products with specific requirements through a solid methodology in research and design.
The Research and development department inside of the company is formed by a multidisciplinary team dedicated to conceive functional, fashionable and innovative products that are highly competitive in the market, taking in mind the four principles of the company:
- Design
- Certified quality
- Technology
- Innovation
Carolina Ballesteros MCS’ R&D department head is the winner of the Red Dot Design Award 2016 with one of her patent designs, the Armor t-shirt; one of the most popular and innovative products in the company which resists Level II munitions and boasts a weight of merely 900 grams.
MCS and its employees are motivated and committed to their mission to develop and market leading-edge products that save lives.
About Mission Ready
MRSI’s mission is to save lives and enhance the performance of military personnel, first responders, and those who protect us by working to ensure they are equipped with the best possible personal protective equipment.
Headquartered in Vancouver, BC, Mission Ready has three distinct, synergistic operating divisions:
- Strategic consulting services and manufacturers representation
- Equipment inspection, cleaning/decontamination and repair services of personal protection equipment
- Product research and development
Mission Ready’s management team offers over 100 years of combined industry experience and is composed of industry experts in developing products, contracting, and selling to the federal government, first responders and tactical markets through open market procurements, teaming arrangements, and a variety of federal contract tools.
Mission Ready Services Inc.
(signed “Rod Reum”)
Rod Reum, President & CEO
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “anticipate”, “believe”, “plan”, “expect”, “intend”, “estimate”, “forecast”, “project”, “budget”, “schedule”, “may”, “will”, “could”, “might”, “should” or variations of such words or similar words or expressions. Forward-looking information is based on reasonable assumptions that have been made by Mission Ready Services Inc. as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Mission Ready Services Inc. to be materially different from those expressed or implied by such forward-looking information.
Forward-looking statements are based on assumptions management believes to be reasonable. Although Mission Ready Services Inc. has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Mission Ready Services Inc. does not undertake to update any forward-looking information that is included herein, except in accordance with applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, visit MissionReady.ca or contact:
Terry Nixon
Director, Corporate Communications
Telephone: 1.877.479.7778